Insider Buying: Science Applications International Co. (NYSE:SAIC) EVP Acquires 795 Shares of Stock

Science Applications International Co. (NYSE:SAIC - Get Free Report) EVP Vincent P. Difronzo bought 795 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Science Applications International Stock Down 2.0 %

Science Applications International stock traded down $2.42 during mid-day trading on Monday, reaching $121.16. The stock had a trading volume of 312,817 shares, compared to its average volume of 296,931. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 13.69 and a beta of 0.70. The company has a 50-day moving average price of $133.53 and a two-hundred day moving average price of $124.48. Science Applications International Co. has a one year low of $95.43 and a one year high of $145.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. Science Applications International's revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 EPS. On average, analysts expect that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 16.72%.

Analyst Ratings Changes

SAIC has been the topic of a number of recent research reports. StockNews.com downgraded shares of Science Applications International from a "buy" rating to a "hold" rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 19th. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a research report on Thursday, February 29th. Wells Fargo & Company upped their target price on shares of Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 19th. Finally, Truist Financial reiterated a "hold" rating and issued a $130.00 price target on shares of Science Applications International in a research note on Friday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Science Applications International has an average rating of "Hold" and an average target price of $127.60.

Hedge Funds Weigh In On Science Applications International

Several institutional investors have recently made changes to their positions in the business. BlackDiamond Wealth Management LLC lifted its stake in shares of Science Applications International by 1.6% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider's stock worth $668,000 after purchasing an additional 80 shares during the period. Commonwealth Equity Services LLC increased its holdings in Science Applications International by 2.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,118 shares of the information technology services provider's stock worth $463,000 after acquiring an additional 94 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Science Applications International by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,738 shares of the information technology services provider's stock worth $1,303,000 after acquiring an additional 94 shares in the last quarter. Parallel Advisors LLC increased its holdings in Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Quarry LP increased its holdings in Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.